With a land area of more than 20,000 square metres, the much awaited elodea project is all set to launch by the end of this year. The commercial project is designed with international specifications and includes large number of shops, kiosks and restaurant. Located at one of the most attractive places in Al Azaiba, the project is developed by retail powerhouse Al Khalili Group, in strategic partnership with Tibiaan Properties. Elodea project contains an integrated modern market for more than 160 shops, 600 parking spaces and a modern design with high flexibility for ease of shopping and providing attractive interfaces for all shops. It is expected that the project is suitable to achieve returns that may reach 12% for the benefit of investors.

During a press conference that was held recently, elodea was introduced to the press, and it drew excellent responses from all walks of life including businessmen, shoppers, retailers, individuals and institutional investors.

Sheikh Qais bin Salem al Khalili, Chairman of the Board of Directors of Al Khalili Group said, “Elodea is a project that shall have every modern day facility for our consumers and clients. The recent pandemic played a havoc on the global economy; including Oman. But we are gradually overcoming this challenge and is on steady steps to recovery. As we approach the big day where we launch this spectacular modern and sophisticated project filled with various shops, restaurants of various tastes and a niche walkway, we can confidently look forward for elodea as a new added attraction in the heart of the city. It shall not only be a one-stop destination for shopping and entertainment, but it shall also contribute fairly to the economy of the country. “

During the press conference, Al Khalili Group confirmed its continuation to launch luxury real estate projects after the successes of few projects including the beach project on Azaiba waterfront and Ghoroob project in Muna Heights. During the courses of its endeavor, Al Khalili Group follows a strategic partnership with Tibiaan Properties known for their impressive records of professional services including research and marketing.

Fahad bin Sultan Al Ismaili, CEO of Tibiaan Properties said, “Working alongside a developer who studies clients’ needs and is keen to implement every recommendation according to the highest standards is one of the most important points of success for the projects. We are always exited to work in close collaboration with Al Khalili Group.